On Wednesday 17 May, members of the Singapore Semiconductor Industry Association (SSIA) attended a sharing session jointly organised with the Singapore Exchange (SGX) on how electricity futures and the liberalisation of Singapore’s electricity market can benefit the semiconductor industry. Being one of the prominent electricity retailers, iSwitch was excited to support this event as a lead sponsor and addressed to an auditorium of 100 keen attendees.
“Electricity prices unquestionably contribute to the main factor, in-depth competitive prices; iSwitch also provides value added services such as providing carbon credit, energy efficiency solutions, understanding and fulfilling customer’s needs and requirements, all these are the factors that need to be considered during the electricity procurement process”, advised by Mr. Andrew Koscharsky, General Manager, iSwitch.
Mr. Eugene Toh, Director of Policy and Planning of the Energy Market Authority (EMA) said during the panel discussion. “The initiative strives to help the Semiconductor Sector on how they procure and hedge their electricity as there are more than 20 retailers now in the market. More retailers magnify the market competition and retain electricity retail prices competitive. Companies can utilize the electricity futures prices listed in the SGX website as a benchmark to evaluate if the prices offered by the retailers are competitive which lead to a greater price transparency”.
Besides Mr Toh, we are honoured to have the following industry experts and practitioners to share their insights on the latest electricity market developments in Singapore and participate in the panel discussion.
Mr. Tan Liang Ching, Senior Vice President, Energy Market Company (EMC) talked about the Overview of National Electricity Market of Singapore (NEMS).
Mr. William Prajogo, Associate Director, Singapore Exchange (SGX) spoke about Introduction to Futures Market and Electricity Hedging.
Mr. Andrew Koscharsky, General Manager, iSwitch shared his insights on Risk Management in Electricity Trading and Procurement.
Dr. Bikal Pokharel, Principal Analyst, Wood Mackenzie updated the Outlook of Singapore Electricity Market – Towards a Fully Liberalised Market in 2018.